If, like many other people in North Carolina, you are worried about your finances, you are not alone. It turns out that most people share many of the same concerns when it comes to money. A recent study of more than 35,700 people concluded that financial concerns are...
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Bankruptcy Help For Everyday People
Month: July 2016
Co-signing of loans can lead to Chapter 7 bankruptcy
On Behalf of Wootton & Wootton, P.C. | Jul 21, 2016 | Debt Relief
It is only natural for people in North Carolina to want to help others for whom they care to establish themselves financially. However, co-signing a loan may not only lead to a spoiled relationship but, in some cases, even Chapter 7 bankruptcy. If a person feels...
Do my debts go away after I die?
On Behalf of Wootton & Wootton, P.C. | Jul 20, 2016 | Debt Relief
If you have debts when you pass away, what happens to them will depend on what types of debts they are and what assets you leave behind. Any assets you have will be used by your estate to pay off your debts, according to the Penny Hoarder. It is up to the executor of...
Financial literacy a big problem for many Americans
On Behalf of Wootton & Wootton, P.C. | Jul 14, 2016 | Personal Bankruptcy
A recent study found some troubling news when it comes to how much many Americans understand about their finances. The study found that when faced with a five question test of basic questions about finance, two-thirds of people failed to get at least four answers...
Are student loans dischargeable in bankruptcy?
On Behalf of Wootton & Wootton, P.C. | Jul 7, 2016 | Chapter 7
Like many people in North Carolina, you may believe that your student loans will not be discharged as a result of your bankruptcy. In most situations, that is true. However, there are some limited circumstances where your student loans may, in fact, be...
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